✉news BusinessBanking first seen 21 h ago, last 2 h ago, peak #4
ECB's Lane Sees Demand Destruction Muting Energy Inflation Impact
Original: ECB’s Lane Sees ‘Demand Destruction’ Muting Energy Impact On Inflation
European Central Bank chief economist Philip Lane said that weakening demand is limiting the pass-through of high energy prices into eurozone inflation. He argued that 'demand destruction' — consumers cutting back as prices rise — is curbing the broader inflationary impact of costly energy, a view likely to shape debate over how much further the ECB should raise interest rates.
Why now: Investors and policymakers are watching ECB officials' comments for signals on the pace of future interest rate hikes.
Philip LaneEuropean Central Bankeurozone
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